Ideal Vision Park

Ideal Vision Park, an upcoming project by Ideal Property in Bayan Lepas, Penang. This project would comprises six phases to be launched in stages over a five-year period.

80% of the project comprises residential high-rises, while the remaining are commercial properties. There will be a total of 1,945 condominiums with built-up size ranging from 900 sq.ft. to 1,500 sq.ft., that are priced from RM400,000 to RM670,000.

Related Posts:
Phase 1: Tree Sparina @ Ideal Vision ParkPhase 2: The Amarene @ Ideal Vision Park (This post is temporary removed as requested by developer because the name and details of the project is yet to be confirmed.)

Lee :
Is medium cost development? OI better or this better? Currenly hold one unit for OI, think to cancel!

Difficult question. If only talk about location and traffic, I think VP better at the moment. But if there will be a flyover (no plan currently) connecting from Golden Triangle to SPICE, then OI location better, I guess.

Better buy landed properties on island for better appreciation…..avoid condo although rental better…long term I thin landed will appreciate faster…. soon landed properties on the island will be a status symbol…..those living in landed (actual owners, not ppl who rent) may have a ‘better than thou’ attitude….Look at HK and SG

Unless Penang (and Malaysia) social security (break-in cases) improve significantly, if not no point for small family (working parents) to buy DST. Or unless you have elder relative (parents/grant parents/in-laws) stay together, then only justifiable for landed.

Penang Homes :
Better buy landed properties on island for better appreciation…..avoid condo although rental better…long term I thin landed will appreciate faster…. soon landed properties on the island will be a status symbol…..those living in landed (actual owners, not ppl who rent) may have a ‘better than thou’ attitude….Look at HK and SG

I own an apartment, planning to buy a landed (G&D) and agree with PenangHomes. Land is getting less and less in Penang for landed. Which also means less and less also for apartment, but developer can compensate that by making higher rise apartment. And also agree with Elain. Younger generation (been there done that), prefer apartment due to facilities and security, but as we grow older, naturally (I’ve few friends my age now want to go landed) we want landed. I want the facilities and securities, and at the same time landed. This is why I think landed G&D get the best of both (at least for me), and due to land scarcity, landed will appreciate faster. The cons of landed g&g is you cannot renovate your house externally, which could be good also at different view.

1900+ launched over 5 years in 6 phases. First phase only 4 blocks condo with multiple access roads. Next to Heng Ee SMJK(C) some more. The whole VP is stretching from South Homes all the way to 1-residence, easily 50 acres.

If all 1900+ units all same psft price and design, why need to launch in so many phases? Most buyers will wait for it to start pilling only to place booking. The model at Ideal sales gallery shows more than 10 blocks of condo, all looks the same. I am hoping Ideal would hire better architect to design some condo with unique exterior. Too boring la.

For own stay, I doubt the 2 places with differ much – it is really down to personal preference. Relau is very jammed and will continue to be in the foresee-able future. Sg Ara is actually not too bad relatively, but will be eventually be without proper road planning.

If I were to choose, I would pick Sg Ara since more green, :), but again, this is really just my own preference.

Appreciation wise, I believe both will be similar (assuming everything else like security, maintenance etc the same), may have some paper gain coz will face selling pressure. If everything go per plan, there are just too many condos (easily 5k+) going up in the next few years around Bayan Baru, Sg Ara, Relau region. It will take some time for these to be consumed.

Landed on long term is better, appreciation wise especially if its for own stay. On otherhand, if its an investment property, be ready for bad yields rental wise and owner may even have to be gardener and house maid regularly if cannot rent out in the first couple of years. If left vacant for extended period, termite problems etc. So there are definitely pros but careful of the risks as well.

PG Guy :@zonefinder
It doesn’t matter if you only own one house and have no plan to retire elsewhere.

Actually it does to certain extend, not $ related though …. It won’t be fun to stay in a neighborhood with no neighbor due to too many speculators/investors.

That’s the headache for buying new properties for own stay, have to also consider this factor other than location, layout, $ etc. When i bought my condo ~7 years ago (investment/speculation was relatively low at that time), I actually chose RH hoping there would be more own-stay people after struggling to choose between few choices (Bayswater, Putra Place etc). From investment standpoint, definitely not a wise decision but no regret to trade-off for better home feel, :o)

But I guess nowadays, no matter which you choose, still very likely more speculators and investors than owners.

Airport view also means factory view, right? I notice there is a construction in progress near The Star and it is something like industrial related building, maybe small factories lots. Future Heng Ee school should be also within your view, I guess.

This project consider very cheap, part of the affordable home scheme for middle income population. Price from about ~RM500k, this price tag is going to be an affordable price range in the next 3 years. Seriously, it will sold out very fast once launch.

I stay around Villa Emas, Putraplace and Putramarine. It’s actually underneath the path and quite loud at the beginning. But after few years staying there, I don’t remember the last time I notice aeroplane flew by. You’ll get use to it. It is not that bad la staying close to the airport (unless the airport is your house). I never loose a sleep due to aeroplane passing by.

kotun :
I stay around Villa Emas, Putraplace and Putramarine. It’s actually underneath the path and quite loud at the beginning. But after few years staying there, I don’t remember the last time I notice aeroplane flew by. You’ll get use to it. It is not that bad la staying close to the airport (unless the airport is your house). I never loose a sleep due to aeroplane passing by.

Kotun, perhaps you are immune with the noise pollution. Anyway, Thx for the info. I believe the surrounding development like Setia Sky 8 will face the similar situation as well.

@ck_100
Hello ck_100. I would not say it is noise pollution, more like sporadic noise in villa emas, putraplace and putramarine. I’m not buying vision park. But for people buying, I suggest you drive to jalan tun dr awang in front vision park location, park your car by the road side, open the window and gauge if you can tahan the noise. Stay there for few hours, not joking. I know one very successful property investor who camped outside a guardhouse of an apartment, about 2-3 hrs for few days, just to understand the kind of people (eg air stewardess, spa worker and etc) who live there. This helped him/her to understand the possible tenants. And he/she did this before he bought the apartment…

Just go to The Star office. Park in front of it and sit inside your car with your windows down and you can enjoy the sound of aeroplain for the next 2-3 hours ^_^ well that’s exactly where the Ideal Vision Park will be…

kotun :@ck_100
Hello ck_100. I would not say it is noise pollution, more like sporadic noise in villa emas, putraplace and putramarine. I’m not buying vision park. But for people buying, I suggest you drive to jalan tun dr awang in front vision park location, park your car by the road side, open the window and gauge if you can tahan the noise. Stay there for few hours, not joking. I know one very successful property investor who camped outside a guardhouse of an apartment, about 2-3 hrs for few days, just to understand the kind of people (eg air stewardess, spa worker and etc) who live there. This helped him/her to understand the possible tenants. And he/she did this before he bought the apartment…

Hi Kotun,
Thx again for your info sharing. Sharing is caring Thx again

Please stop consuming Vision Park again. Don’t pretend like an expert. From the email that you sent, I get nothing extra info than what I can get easily and directly from Ideal sales person. Total units, sqf, …. bla bla bla …….. is nothing secret.

Your motive is to gain contact at this forum and promote for your own other new launch project. We will appreciate much if you can directly share it at here if you have any other better project and only those interested will contact you rather than we keep anticipate for your reply mail about vision park but end up with a feeling of being cheated.

Please don’t make yourself like a mystery person and foolish everyone here who are anticipate for the Vision Park.

@ST
I think it is the whole area called Ideal Vision park, very long stretch a long Jln Tun Dr Awang got 1945 units. It is not single condo block got 1945 units. Let say whole Bayan Mutiara got thousands units, so is Bayan Mutiara Penang World City going to be LMC?

Bear in mind, opposite Vision Park is One Residence landed property..Fiera Vista which is Not sandwich packed…Long stretch on Jln Tun Dr Awang got army campus…..so there will not be any future commercial/residential project. Ideal Vision Park with 1945 units is still better buy than other congested, high density area…..i can’t say best bang for bucks but looking at Pg island trend nowadays..if you can’t accept this…in 20years time, i guess better move yourself to rural area or out of this tiny island.

@ST
Just because they are built by same developer and total up many units, then you cannot call it LMC. I went to Ideal office just now lunch time to understand more (though I am not buying). Each phase condos should be different type, now is phase1, and will be launched phase by phase. Location wise not bad, not only located beside Jln Tun Dr Awang and access to airport round about, it can also connect directly to Jln Sg Tiram 1 then to Jln Sultan Azlan Shah. International School is at the land beside airport roundabout, and new Heng Eee primary and scecondary school are at the back of phase1 only.

Agree with ezalor. Just because of different developers, the outcome is different design, unique appearance and outlook but can’t hide the facts and figures total up units is 2000. Well, this is the perception of majority people out there.

Developers nowadays won’t go conventional way of doing business, group all 2000 units in one layout like what you see back in 90’s.

Visited their show house just now. est RM495 psf (included 2nd car park).
And, RM495psf will only serve for 1 car park once they start to launch this project.
Type 1300 sf layout is nice if compare to the type 1130sf.
In terms of facilities, it’s almost as well as OI but it lacks of badminton, basket ball & futsal court .
Land size is about 4.2acres for 5++ units.

when i was there this morning, so many people, I managed to book one small unit (1130 sq ft), balcony facing pool, no windows and angles are facing west..afternoon called again for friend, all facing pool and 1130 sq ft one sold out !!

If you book a unit today, it consider that you are still an early bird of this project! But weird, you are not be able to get a very nice unit as most them have already been taken up by those earlier bird!

I think “sold out” is real. Many times those property bubble believers will claim “sold out” is false statement manipulated by developer to create false panic among buyers. But according to my observation, it is true. No matter it is people goreng or people buy for own stay, there is really got people wrote 10k cheque and place for deposit, then only developer will put stickers on it. Whether later they will withdraw then I dont know. Like One Imperial, people booked, people withdraw, people let go…at the end still got somebody fill in the chair and will buy those units.

I have been monitoring Penang area and properties for quite a while, i do realized there are getting more Condos. Any command which area condo launch next half a year.?
Intend to get one for my own stay.
Thank you to share with me.

Fyi, get to know All project from Ideal Property, upon completion there will be gangster contractor force you to take up their renovation service or else need to pay so-call “sampah fee”. They charge ridiculous price. Many owner of Ideal Property is facing this issue, and the developer didn’t help to solve this issue, worst still allowing them to set up a booth in the building. So think twice before make the choice to buy their project.

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